Rosenblatt Securities analyst Hans Mosesmann maintains $Marvell Technology (MRVL.US)$ with a buy rating, and maintains the target price at $120.
According to TipRanks data, the analyst has a success rate of 69.6% and a total average return of 32.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Marvell Technology (MRVL.US)$'s main analysts recently are as follows:
Expectations for Marvell's upcoming quarterly results appear positive, influenced by anticipated strength in custom compute and networking/optics segments. Analysts also predict robust performance in the latter half of the year, potentially gaining momentum into 2025 owing to various product cycles and increases in share/content. The sentiment remains highly encouraging for long-term investment perspectives.
The firm anticipates that the accelerating custom AI ASIC ramp, alongside the continued signs of normalizing core revenue, will bolster confidence in sustained earnings growth into FY26.
Note:
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